When Bitcoin first appeared out of digital, it has been hailed as having the potential to revolutionize the way people spend their money. But more than a decade later, cryptocurrency is still only entering the mainstream.
This week, Tesla bought $ 1.5 billion worth of Bitcoin and announced plans to start accepting it as a payment method for its electric vehicles. The price of Bitcoin immediately surged as the move seemed to signal a shift towards broader acceptance of cryptocurrency in general. But is this just another fleeting stunt of Elon Musk, or is it really a sustainable way of doing business?
This week on Gadget Lab, WIRED writer Greg Barber joins us to talk about Tesla’s crypto plans, the re-emergence of Dogecoin, and why blockchain has yet to revolutionize currency.
Read Greg’s story on Tesla and Bitcoin here. Learn more about how WIRED lost over $ 500,000 in Bitcoin here. Don’t miss Megan Molteni CRISPR cow cover story. And here is a good David Bowie Reading List.
Greg recommends the cooking site The woks of life. Mike recommends it Off the Record: David Bowie podcast from iHeartRadio. Lauren recommends the New York Times documentary Coaching Britney Spears on Hulu.
Greg Barber can be found on Twitter @GregoryJBarber. Lauren Goode is @LaurenGoode. Michael Calore is @snack. Bling the main hotline at @GadgetLab. The show is produced by Boone Ashworth (@booneashworth). Our theme music is by Solar keys.
If you have any comments on the show, or if you just want to enter to win a $ 50 gift card, take our brief audience survey. here.
Publicity Note: WIRED Brand Lab is a creative studio of the publisher of WIRED. The Gadget Lab and WIRED editorial staff are not involved in the creation of Brand Lab content.
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